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Enhancing market access of demand response through generation forecast updates
Advances in communication infrastructure and elec-tric appliances have enabled demand side participation in powersystem operation. However, the full potential of demand flexibilityis yet to be exploited. Existing demand response programs requireflexibility in a set time frame from the electricity consumers inreaction to economic incentives. For a more detailed qualitativeanalysis of consumer flexibility, not only price but also noticetime are imperative parameters. The former has been studied innumerous references whereas the impact of the latter has not yetbeen examined in depth. This paper presents a market modelof demand response that enhances an efficient use of flexibleconsumers by hourly updates. The consequences of flexibleelectricity consumers are studied in a Real Time Pricing modelwith continuous forecast updates, where elasticity is subject tonotice time. A case study is presented using data from Sweden.We conclude that current demand response programs are notoptimally designed to integrate consumer flexibility that changeswith the notice time. ; QC 20170704
Enhancing market access of demand response through generation forecast updates
Advances in communication infrastructure and elec-tric appliances have enabled demand side participation in powersystem operation. However, the full potential of demand flexibilityis yet to be exploited. Existing demand response programs requireflexibility in a set time frame from the electricity consumers inreaction to economic incentives. For a more detailed qualitativeanalysis of consumer flexibility, not only price but also noticetime are imperative parameters. The former has been studied innumerous references whereas the impact of the latter has not yetbeen examined in depth. This paper presents a market modelof demand response that enhances an efficient use of flexibleconsumers by hourly updates. The consequences of flexibleelectricity consumers are studied in a Real Time Pricing modelwith continuous forecast updates, where elasticity is subject tonotice time. A case study is presented using data from Sweden.We conclude that current demand response programs are notoptimally designed to integrate consumer flexibility that changeswith the notice time. ; QC 20170704
Enhancing market access of demand response through generation forecast updates
Herre, Lars (Autor:in) / Söder, Lennart (Autor:in)
01.01.2017
Aufsatz (Konferenz)
Elektronische Ressource
Englisch
DDC:
690
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